While the PSEi retreated right after breaching the 7,300 level, the market is seen to try to push it back again if it gets encouraging news from initial corporate earnings results as well as from the new COVID cases reports. “While the local market had a good run this past trading week, it was...
The PSEi continued to rally and has breached 7,300 level, as stocks were buoyed by positive developments locally and in the US. The main index gained 14.64 points or 0.20 percent to close at 7,311.72 although sectoral indices were evenly mixed with the Mining and Oil and Holding Firms counters...
The local stock market posted more gains as investors grow more optimistic with the coming earnings season and dropping COVID-19 csses. The PSEi added 30.77 points or 0.42 percent to close at 7,297.08 as Holding Firms led gainers although the Mining and Oil and Financials counters saw some...
The local stock market is seen to be cautiously optimistic this week as it builds up strength above the 7,000 level for its fourth quarter run although inflationary factors may put at damper on sentiment. “Next week, the local market could move sideways. The brightening economic prospects brought...
The local stock market ended the week on a positive note on the back of gains in US bourses. The main index rose 30.35 points or 0.42 percent to close at 7,213.46 as the Mining and Oil counter led the advance while the Holding Firms sector was the only one in the red. Volume was firm at 1.22...
Local shares prices jumped after the government eased quarantine restrictions by a notch as the number of new COVID cases declined. The main index gained 114.19 points or 1.62 percent to close at 7,183.11 as Holding Firms and Property stocks led the advance across the board. PSE_NEW Volume improved...
The local stock market declined as investors pocket more gains while waiting for more news from thr US and the domestic front. The main index dropped 38.90 points or 0.55 percent to close at 7,068.92 as sectoral indices were evenly mixed with the Industrial counter posting the biggest loss while...
The local stock market took a breather after investors pocketed some gains from the previous day’s spike. The main index shed 16.19 points or 0.23 percent to close at 7,107.82, dragged down by the Services sector which was the only decliner, while the Mining and Oil counter was the biggest...
Since politicians have already filed their certificates of candidacies, although there may be some substitutions before November 15, investors are now expected to refocus on the COVID situation and wait to see of the government will ease restrictions further. “This week, investors are expected to...
The local stock market ended the week lower, bucking the trend in overseas markets. The main index dropped 44.44 points or 0.64 percent to close at 6,906.86 as the Services sector continued to lead the retreat at it suffered from profit-taking while the Financials and Mining and Oil counters...
The PSEi failed to hold above the key 7,000 level as stocks succumbed to profit-taking after rising in the first three days of the week. The main index fell 106.15 points or 1.5 percent to close at 6,951.30 with the Services counter suffering the biggest loss while the Financials sector was the...
The PSEi breached the 7,000 resistance level as share prices rode on optimism from gains in US bourses as well as the declining COVID numbers in the Philippines. The main index rose 78.27 points or 1.12 percent to close at 7,059.51 as the Services sector continued to lead the charge across the...
